Prime Corner Retail
For Sale
$1,100,000
112 Ryders Lane, Milltown, NJ 08850
Stand-alone building on a busy corner with two driveways.
Property Size3,796 SF
Price / SF$289.78
Days on Market748
Property Features for 112 Ryders Lane
General Information
Standard status
Active
Size
3,796 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
ICR REALTY LLC
Listed By:
GRANT AWAD
(833) 740-1234
Source:
Actionplusrealty
Added: Oct 2, 2024
Changed: Oct 16
Last Checked: Oct 19 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ICR REALTY LLC
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Investment Insights
Based on property information with market context.
This stand-alone building occupies an excellent corner location at one of the busiest traffic lights in Middlesex County. The property, with a size of 3796 square feet, benefits from two driveway entrances. The location is suitable for a convenience store, deli, pharmacy, office, or any retail store.
Key Highlights
- Excellent corner location
- Stand alone building
- Two driveways provide easy access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,181
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,620
$1.1M
Cap Rate 7%
$774,014
$774.0K
Cap Rate 9%
$602,011
$602.0K
Market Conditions
NOI Build-Up for 3,796 SF
Gross rent
$82.0K $21.60/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$77.4K $20.39/SF
− OpEx
−$23.2K −$6.12/SF
NOI
$54.2K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,620
Cap Rate 7%
$774,014
Cap Rate 9%
$602,011
Alternative Uses
Best Use
Retail
$774.0K
$677.3K – $903.0K
NOI $54,181 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.2K
$867.3K – $1.16M
NOI $69,385 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
Taco Bell
Dining
13,732 visits/mo
0.3 miles
Wendy's
Dining
11,469 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,546 visits/mo
0.1 miles
Bank of America
Shops & Services
6,019 visits/mo
0.0 miles
Sunoco
Shops & Services
5,812 visits/mo
0.0 miles
Demographics for 08850, NJ
8,325
Population
3,165
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,620
Density / Sq Mi
$127,331
Median Household Income
$60,938
Median Earnings
$1,520
Median Rent
$436,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone building on a busy corner with two driveways.
Where is this storefront property located?
The property is located at 112 Ryders Lane Milltown, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent corner location; Stand alone building; Two driveways provide easy access
